Finance
US may revoke $1.1 billion in auto plant funding for Stellantis, GM
US may revoke $1.1 billion in auto plant funding for Stellantis, GM
Published by Global Banking and Finance Review
Posted on October 7, 2025
Published by Global Banking and Finance Review
Posted on October 7, 2025
WASHINGTON (Reuters) -The U.S. Energy Department is considering revoking nearly $1.1 billion awarded in retooling grants to Chrysler-parent Stellantis and General Motors last year by the administration of President Joe Biden, according to a document seen by Reuters.
The projects are among a list of $12 billion in awards that could be canceled as the partial government shutdown persists.
(Reporting by David Shepardson; Editing by Chris Reese)
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